Streetbeat News

Stock Prices

NEARUSD

NEAR Protocol's (CRYPTO: NEAR) price rose 4.95% to $1.23 in the past 24 hours, continuing its positive trend over the past week with a 23.0% gain. The trading volume for the coin has increased 125.0% over the past week while the overall circulating supply of the coin has increased 0.43% to over 988.62 million. The current market cap ranking for NEAR is #40 at $1.22 billion.

Portfolio Pulse from Benzinga Insights

October 27, 2023 | 3:00 pm

APLM

Apollomics Inc. shares have been volatile, with a drop of over 75% in the last month. The company announced a report by the Veneto Institute of Oncology on the efficacy of vebreltinib for GBM with PTPRZ-MET fusion. The patient reported an impressive Partial Response after 8 weeks of treatment. Apollomics also presented vebreltinib efficacy and safety data from the KUNPENG clinical trial. Shares of Apollomics are up on heavy trading volume, with more than 67 million shares traded, far exceeding the stock's 100-day average volume of less than 53 thousand shares.

Portfolio Pulse from Erica Kollmann

October 27, 2023 | 2:59 pm

ENPH

Enphase Energy, Inc. (NASDAQ:ENPH) shares dropped by 12.8% after the company issued weak Q4 guidance and received several analyst rating updates. The company reported Q3 earnings per share of $1.02, missing the estimated $1.03, and revenue of $551.1 million, falling short of the $566.02 million estimate. The disappointing results were attributed to high inventory levels and reduced demand in key European markets. The company expects Q4 revenue to range from $300 million to $350 million, below the estimated $601.24 million. Higher yields on safer investments like Treasury bonds may also be attracting investors away from riskier growth stocks like Enphase.

Portfolio Pulse from Henry Khederian

October 27, 2023 | 2:55 pm

CMLS

Cumulus Media Inc reported Q3 net revenue of $207.42 million, a decline of 11% YoY, slightly missing the consensus of $207.47 million. EPS was $0.16, down from $0.45 YoY. Total broadcast radio revenue declined by 17.4% YoY to $146.25 million. Adjusted EBITDA declined by 42% YoY to $26.9 million. The company's shares traded lower by 12.60% at $4.72 on the last check Friday.

Portfolio Pulse from Anusuya Lahiri

October 27, 2023 | 2:53 pm

VRSN

VeriSign's shares are trading lower following the company's Q3 revenue results, which were below expectations.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 2:52 pm

TPX

An option alert has been issued for Tempur Sealy Intl (TPX) for Dec 15 $40 calls. A total of 880 contracts were traded near the ask price at $1.7, compared to an open interest of 87. The reference price was $38.26.

Portfolio Pulse from Charles Gross

October 27, 2023 | 2:50 pm

UNP

Union Pacific has reported that demand has been challenged in certain areas of their business. However, they are fortunate to have a diverse portfolio of customers and are seeing gains in some industries that they serve.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 2:49 pm

CSL

Carlisle Companies' shares are trading higher following the company's Q3 earnings per share (EPS) results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 2:47 pm

COF

Capital One Financial (COF) has seen unusual options activity, with a significant number of bullish trades. Whales have been targeting a price range from $90.0 to $115.0 for COF over the last 3 months. The price of COF is up 7.99% at $96.66. Analysts have mixed opinions, with JP Morgan maintaining an Overweight rating and a price target of $109, while HSBC downgraded its action to Reduce with a price target of $84.

Portfolio Pulse from Benzinga Insights

October 27, 2023 | 2:46 pm

SAIA

Saia Inc. reported its Q3 financial results, following which its shares are trading lower.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 2:46 pm